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WELLS FARGO DONATES $150,000 TO RED CROSS; ANNOUNCES $100,000 GRANT PROGRAM FOR COMMUNITY ORGANIZATIONS HIT BY L.A. QUAKE

 SAN FRANCISCO, Jan. 18 /PRNewswire/ -- Wells Fargo Bank (NYSE: WFC) today announced it is donating $150,000 to the Red Cross and is making $100,000 in grants available to community organizations affected by the Los Angeles earthquake.
 The Red Cross donation is marked for the organization's earthquake relief efforts and the Wells Fargo grants are targeted to nonprofit community organizations with 501(C)3 status. Nonprofit groups can apply for local grants up to $2,500 by calling: 213-253-3309.
 "We want to provide whatever help we can to local nonprofit groups and small businesses that have been affected by this latest calamity," said Lois Rice, executive vice president of Wells Fargo in Los Angeles.
 The bank also announced its emergency loan program for customers. Affected customers who are homeowners can borrow up to $25,000 for six months at Wells Fargo's current 6-month Certificate of Deposit (CD) rate, with no additional fees. Renters can borrow up to $5,000 for up to three years, also at the 6-month CD rate.
 For information about securing an emergency loan, homeowners and renters should contact their nearest Wells Fargo office. In addition, customers who already have home loans can defer current payments by calling 800-522-1294.
 Customers in good standing can skip their next credit card payment without any late charge and can request emergency credit card increases 24 hours a day. The toll-free number is 800-642-4720.
 Special low interest loans are also available for small business customers in affected areas. They can get 90-day insurance "bridge loans" up to $100,000 at prime rate minus 1 percent, with no fee by calling 800-545-2844.
 -0- 1/18/94
 /CONTACT: Kim Kellogg of Wells Fargo, 415-396-3606/
 (WFC)


CO: Wells Fargo Bank ST: California IN: FIN SU:

LW-RB -- SF019 -- 2899 01/18/94 15:50 EST
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Publication:PR Newswire
Date:Jan 18, 1994
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